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Search Results 0 to 16 of about 17 (some duplicates have been removed)
questions after his speech. let's listen in. >> japan, of course, is the first modern economy to be trapped at the zero bound. interest rates close to zero. their experience foreshadowed the global financial crisis of 2008. the japanese had a stock market booming bust and a property boom and bust together which was roughly double the size, proportionally speaking, to the united states. it was a major shock to the economy. they have responded to it to a variety of tools. i think a couple things that we learned from watching their experience and troubles and difficulties they have been through and to that i would point to that we have tried to learn from them, the first is, aggressiveness, early aggressiveness of monetary policy. what we learned from japan is we learned from the 1930s. once you have a deflation, prices dropping, prices and wages are dropping, they can be very very hard to get out of that. there is a lot of downward pressure on the economy. we were very aggressive early on in the united states to avoid deflation and we have maintained inflation close to our 2% target which is
's economy is dead flat, teetering on recession. 10-year high for unemployment and france puts in place huge tax increases. bill: i'm reading the two measures bringing around half a billion euros. >> that's it. >> what will that do for them? >> not much. there are other taxes as well which will bring in a total they think of 20 billion euros. bill: higher tax rates on dividends? >> dividends, capital gains, dividends, profits, reinvestment of capital, interest you name it. bill: here is a query for you. are they cutting spending at all? >> by about $10 billion euros. $20 billion worth of tax increases. $10 billion worth of spending cuts gives you a 30 billion euro reduction they think in the budget deficit. bill: well on the spending cuts, how much resistance was there? >> there is going to be a lot of resistance. in france there is really a cradle to grave security system and the state is at the very center of the economy. when the state starts cutting into to spending, cutting down on spending, there will be some resistance and it will be seen on the streets. bill: do you expect the wealth
of return. do something to get the economy to move again. i think there's a lot of compelling unions that are think abouting it circhtly. to underestimate the kind of [inaudible] >> i would say one thing to watch political any in the jersey we come from a unionized state than a lot of states in the south. the union have different power and i think one of the things that is important to watch you saw it in wisconsin and you see in other places it's a growing system between public sector and union work force which is growing and the trade and the private sector. they are different views on politics and very different views on public policy coming from both sides. i think we're at an early stage on that. i think it is something to watch as we go forward in terms of the political objectives of public sector and private sector which ultimately different subjective you will see a bit of divergence in that. >> people love to talk about it. the division between public and private sector unions. there a certain number of tenet whether you're public or private. [inaudible] what you pay for the
the military but the economy, too. according to president obama, there is such a thing as economic patriotism. >> during campaign season you always hear a lot about patriotism. well, you know what? it's time for a new economic patriotism. an economic patriotism rooted in the belief that growing our economy begins with a strong and thriving middle class. >> it's become sort of a democratic man tra. in 2008, it was said the richer needs to pay more. >> no wone has more patriotism than even money needs a passport. summers on the beaches of the cayman islands and winters on the slopes of the swiss alps. >> ouch. the romney campaign is firing back as in, hey, a humongous deficit is not patriotic. >> this is a land where economic freedom has allowed people to pursue their dreams and in doing so and achieving success, they lift us as a nation, they give us jobs, i will not apologize for success here and i will never apologize for america abroad. >> how's that for economic patriotism, whatever that is? so the talk back question for you this morning, is there such a thing as economic patriotism, faceb
of terrorism. while some romney advisers argue they should keep their focus on the economy, politico says plans are in the works for mitt romney to deliver a major foreign policy speech shortly after wednesday's debate. what do you think of that? you think he should do that? >> yes. i think, as i said, right after the killing, that wasn't the time to talk about this. >> right. >> now is the time, several weeks later, to talk about it. john heilemann, the lead in "the new york times," mistake in faith and security seen at libya mission before benghazi raid. response to the june bomb raised confidence in local guards. this benghazi story is an absolute mess. i think -- i've heard stuart stevens as saying let's focus on the economy. i think stuart stevens is exactly right. americans don't care as much in the polls about foreign policy. but several weeks later after this, i think it's very legitimate now that the press is going in and a couple of weeks have passed since the ambassador's death, now, yes. i mean, he's got a responsibility to talk about how badly the white house bungled this. >> i thi
. the debate is on domestic policy. 90 minutes is supposed to be devoted to the economy specifically with governing and health care. but we'll see if the general nature of those areas allows libya to come up, which we know the romney folks want to do. debates are as much about style as substance and this is a reality show where obama and romney will meet in the first time in nearly five years before their biggest audience of the campaign. the first 2008 presidential debate between the president and john mccain got seven times the audience of the highest rated 2012 republican primary debate. think about that. seven times. past debates show romney and obama have to worry about cut away shots that are less than flattering. in the past both candidates have come across as irritable, patronizing or disengaged. this was chris christie's advice to the candidates yesterday. >> what you do is go out and be yourself. and people either like it or don't. if they don't, they are going to vote for somebody else. not a tragedy. no one dies. >> finally speaking of debates, there was a barn burner las
, dealing with the economy. they would go back to the talking points in the attacks. it was clear they were trying to score points. fireworks. a "game change"er if you will. i want you to see here's mitt romney in a scenario that played out in the debates, the primaries with rick perry in las vegas. >> i'm speaking. i'm speaking. >> you get 30 seconds. this is the way the rules work here. in get 60 seconds and then you get 30 donds respond. anderson -- >> you say -- you knew. >> would you please wait? are you just going keep talking? let me finish what i have to say. >> all right. there's always that opportunity really when somebody gets in the other's skin and you lose control of the debate and he yearly lost control over his cool, calm demeanor. what are some of the challenges he's going to be up against when he's faced off with obama. >> i think you're absolutely right. i mean that's a situation where it gets out of control and people start not looking very presidential. and you certainly don't want that on either side. so, my guess is you're going to see president obama playing defense
. the evidence is this. we know the economy is slowing dramatically. we know income is down. and we know that buying power is down. that's over the last 3 1/2 years and bringing us up to the current state. if we have a second term and the president raises taxes, keeps regulation in place and keeps running up the massive debt. that's where the word recession comes in. current policies have failed to continue them into next year would possibly mean a recession in the year 2013. very significant with five weeks to go to the election. bill: the gdp is 1.3? that's like belgium. why are stocks up, stuart? >> reporter: that's a very good question. normally when the market heads south you -- normally when the economy heads south the market heads south. but ben bernanke is propping it up. martha: we have a jam packed show for you today. both candidates are hunkered down getting ready for wednesday night's debate in denver. new numbers show how many voters could still be persuaded. bill: disturbing details in fallout from operation fast & furious. new records of dozens of weapons linked to murders
think we should build the economy from the middle class out like the president does or the top down like mitt romney does? >> credit ben labolt, thanks for joining us today. >> thanks. >> we say good morning to our tuesday political power panel. leah henderson, ted devine, senior strategist for al gore and john kerry. eugene robinson wrote in "the washington post" the challenges facing mitt romney in this debate, but going specifically saying romney's task is more difficult. for the umpteenth time he has to introduce himself to the american people and erase all the impressions of the mitt romney we met earlier and reveal a coherent person, one voters can imagine as a leader. is this debate more romney against himself? critics paint him displaying this flaccid leadership. >> he has to present himself as a president who would represent all americans. he said that several times. he's practicing that debate line. here again, even when he engages with that comment, it reminds people of that 47% remark. you see him over the last couple of days. i think it was today there is an interview in the
presidential face-off. >> jobs, health care and the economy taking center stage in denver. it is thursday, october 4th. >> announcer: from abc news, this is "world news now." >>> good thursday morning, everybody. i'm rob nelson. >> give us a second. >> yeah. the large pizza. >> okay. i am paula faris. we'll go live to denver in a moment to see how analysts and voters are scoring the debate. >>> also ahead, back in business, american airlines says its fleet of 757s is good to go after being checked for the loose seat problem that caused trouble on three flights. >> good to know. also progress on the dispute with the labor union as well. hopefully progress there. >>> also later in this half hour, a bumper crop on chicago's south side. two football field's worth of marijuana worth millions of bucks, growing right there in the city. but now, it's police who will be harvesting the plants. two football fields of weed. >> the police are harvesting the? >> yeah. >> very interesting. >>> and then inside celebrity lawsuit. a steamy tv doctor tells his real life rock star neighbor, i'll see you in c
Search Results 0 to 16 of about 17 (some duplicates have been removed)

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